SOURCE: Severstal North America

Severstal North America

September 16, 2013 12:46 ET

Severstal North America Appoints New Chief Financial Officer

DEARBORN, MI--(Marketwired - September 16, 2013) - Severstal North America (SNA), a leading steel producer in the United States and a subsidiary of OAO Severstal, one of the world's largest steel and mining companies, today announced the appointments of Chief Financial Officer, Ms. Olga Petrova, and Deputy Chief Financial Officer, Mr. Michael Tuomey.

Petrova joins Severstal North America's executive team from parent company OAO Severstal, where she was the Head of the Business Planning and Controlling Department since 2011. Her previous roles included various high-level financial positions in international offices of Shell Exploration and Production, Schlumberger and PepsiCo. At SNA, Petrova will be responsible for all aspects of financial strategy, planning and reporting, as well as forecasting, budget management and cost benefit analysis. 

"We are pleased to welcome Olga to our North American team. She brings a wealth of experience and a proven track record in finance, capital allocation and international business operations. I am confident that Olga will be an invaluable asset to our organization as we move forward to position our company as a high-performing, customer-oriented steel supplier of choice," said Saikat Dey, CEO, Severstal North America.

Petrova is a graduate of Moscow Aviation Institute with a major in Computer Science and Russian Correspondent Finance-Economic Institute with a major in Marketing.

Petrova succeeds Interim CFO Michael Tuomey, who is appointed Deputy Chief Financial Officer. Tuomey has been with Severstal and its predecessor companies for 28 years in various senior-level finance positions, most recently Director, Corporate Accounting and Controlling.

"Mike's dedication, broad business experience in the industry and overall knowledge of SNA's financial systems will be instrumental in helping the company be more responsive to customer and employee needs," commented Dey. 

Tuomey holds a master's degree in Finance and Accounting from the University of South Carolina, and a bachelor's degree in Literature and Philosophy from Michigan State University.

About Severstal North America:

Established in 2004, Severstal North America is one of the largest steel producers the United States, specializing in the full range of high quality light flat rolled products. Corporate headquarters and integrated operations are located in Dearborn, Mich. A state-of-the-art electric arc furnace operation in Columbus, Miss. serves the growing demand for steel in the southeastern United States. Over $3 billion in investments have modernized and expanded both facilities. Severstal also has several joint ventures specializing in value-added coated products and coke making. The company serves customers in more than 20 markets, including automotive, appliance, construction, container, pipe and tubing, distribution, converter and service centers. Severstal North America is a wholly-owned subsidiary of OAO Severstal, one of the world's largest vertically integrated steel and mining companies. Visit our website at www.severstalna.com or follow us on Twitter @SeverstalNA.

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